South Dakota gas prices see 1.8-cent increase over past week

News StaffMay 22, 2023Business
SD Weekly Gas Price Update

UNDATED – Average gasoline prices in South Dakota have risen 1.8 cents per gallon in the last week, averaging $3.38/g today, according to GasBuddy’s survey of 628 stations in South Dakota. Prices in South Dakota are 12.5 cents per gallon lower than a month ago and stand 78.7 cents per gallon lower than a year ago. The national average price of diesel has fallen 3.2 cents in the last week and stands at $3.94 per gallon.

According to GasBuddy price reports, the cheapest station in South Dakota was priced at $3.09/g yesterday while the most expensive was $3.89/g, a difference of 80.0 cents per gallon. The lowest price in the state yesterday was $3.09/g while the highest was $3.89/g, a difference of 80.0 cents per gallon.

The national average price of gasoline is unchanged in the last week, averaging $3.51/g today. The national average is down 14.7 cents per gallon from a month ago and stands 106.5 cents per gallon lower than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.

Historical gasoline prices in South Dakota and the national average going back ten years:
May 22, 2022: $4.16/g (U.S. Average: $4.57/g)
May 22, 2021: $2.86/g (U.S. Average: $3.03/g)
May 22, 2020: $1.75/g (U.S. Average: $1.95/g)
May 22, 2019: $2.75/g (U.S. Average: $2.85/g)
May 22, 2018: $2.77/g (U.S. Average: $2.95/g)
May 22, 2017: $2.36/g (U.S. Average: $2.35/g)
May 22, 2016: $2.22/g (U.S. Average: $2.28/g)
May 22, 2015: $2.58/g (U.S. Average: $2.74/g)
May 22, 2014: $3.52/g (U.S. Average: $3.65/g)
May 22, 2013: $3.99/g (U.S. Average: $3.66/g)

Neighboring areas and their current gas prices:
Sioux Falls- $3.35/g, up 2.3 cents per gallon from last week’s $3.32/g.
North Dakota- $3.39/g, up 4.8 cents per gallon from last week’s $3.34/g.
Nebraska- $3.35/g, up 4.9 cents per gallon from last week’s $3.30/g.

“In the run up to Memorial Day, the national average price of gas has seen little overall movement over the last week. We’ve seen more states see prices climb than fall, which has been driven by oil’s volatility as debt ceiling discussions are ongoing. I think we’ll see prices rise slightly as we get closer to Memorial Day, especially if there are positive developments in the debt ceiling discussions in D.C., while pessimism could drive prices slightly lower,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “I continue to be optimistic that the national average will remain under $4 per gallon for most of, if not the entire summer, with Americans spending a combined $1.6 billion less on gasoline over Memorial Day weekend this year compared to last.”